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Sep 30, 2024
NVR Q3 2024 Earnings Report
NVR's financial performance remained strong, marked by increased revenue and earnings per share, despite a slight decrease in net income.
Key Takeaways
NVR, Inc. reported a 6% increase in consolidated revenues, reaching $2.73 billion for the third quarter ended September 30, 2024. Net income decreased slightly by 1% to $429.3 million, while diluted earnings per share increased by 4% to $130.50. Homebuilding new orders increased by 19%, and settlements increased by 5%.
Consolidated revenues increased by 6% to $2.73 billion compared to the third quarter of 2023.
Net income decreased slightly by 1% to $429.3 million compared to the third quarter of 2023.
Diluted earnings per share increased by 4% to $130.50 compared to the third quarter of 2023.
Homebuilding new orders increased by 19% to 5,650 units, and settlements increased by 5% to 5,908 units.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The company did not provide specific forward guidance in the provided document. The document contains forward-looking statements that involve risks and uncertainties.
Positive Outlook
- Not applicable, no specific positive guidance provided.
- Not applicable, no specific positive guidance provided.
- Not applicable, no specific positive guidance provided.
- Not applicable, no specific positive guidance provided.
- Not applicable, no specific positive guidance provided.
Challenges Ahead
- General economic and business conditions (on both a national and regional level)
- Interest rate changes
- Access to suitable financing by NVR and NVR’s customers
- Increased regulation in the mortgage banking industry
Historical Earnings Impact
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Avg. Return Before/After Earnings
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